In recent years, the luxury e-commerce sector has been experiencing challenging times. Major players such as Matchesfashion, Farfetch, Net-A-Porter, and MyTheresa, once leading the digital transformation in high-end fashion retail, are now facing numerous obstacles. This article delves into the
On July 10, 2024, Bassett Furniture Industries uncovered a significant unauthorized breach within its information technology (IT) systems, initiating swift and robust responses to contain the threat. Bassett immediately shut down affected systems, activated their incident response plan, and began a
On July 19, 2024, an unprecedented outage of Microsoft’s Azure cloud service wreaked havoc across various critical sectors, causing notable disruptions in retail, banking, and media both in New Zealand and worldwide. The incident left many businesses scrambling to maintain operations and numerous c
The recent liquidity crisis sparked by delayed payments from Singapore-based e-commerce platform Qoo10 to its affiliates, TMON and WeMakePrice, has caused a seismic disruption in South Korea's retail and travel sectors. This crisis has not only undermined consumer confidence but has also led
In the ever-evolving world of ecommerce, Polyconcept North America (PCNA) has introduced a game-changer: the Givee Select ecommerce store platform. This innovative solution is tailored to help distributors of promotional products—ranging from personalized apparel to backpacks and water b
The online retail landscape is on the brink of significant transformation with the arrival of Red101, an AI-driven open commerce network introduced by the UK-based RedCloud Technology. Designed to democratize e-commerce for small-to-medium-sized businesses (SMBs) and distributors, Red101 aims to
